AREA REPORTS

Diamond Creek

 

 

VIC/
Diamond creek

Suburb Profile

Diamond Creek - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3089

house
unit

Property investors enjoyed capital gains of 1.67% over the last 12 months in DIAMOND CREEK, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in DIAMOND CREEK are low, as opposed to average gains per annum over the past five years.

The suburb posted a 31.18% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.

On average, rents on listings have reached the $495 mark, reflecting a 3.38% increase in returns based on the current median price in DIAMOND CREEK.

DIAMOND CREEK, 3089 ranks 415th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 309th on the list of best yielding suburbs for rental properties in VIC, posting a 3.38% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $762,500 $592,800
GROWTH REPORT
Median Quarterly -4.69% -1.28%
Median 12 month 1.67% -1.36%
Median 3 years 31.18% 17.98%
Median 5 years 48.06% 41.14%
10 years average annual 6.14% 5.84%
Weekly media advert. rent $495 $420
Time on Market 39.6 days 52.4 days
Gross Rental Yield Percent 3.38% 3.68%
demographics (median values)
Total Population
10288
Weekly Household Income
1433
Household Size
3.20
demographics
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